will bitcoin go back to 19000

[landheer]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

[Hispo]

It is possible for the price to go back to 19k or even 16k, but if you want to talk about speculation I would like to let you know there is a whole board dedicated to it, in the economy section of the forum.

I personally do not know why the price has gone down recently, I may have something to do with the closure of LocalBitcoins, but I am not sure.

[Oshosondy]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

Below $19000 can occur, above $25000 can occur, but I still think DCA can help you against uncertainty.

and also I want to know what caused the bitcoin price to drop drastically?

Bitcoin is not yet in a massive bull run and hit the overbought market if you check this weekly chart:

[Cryptoababe]

Bitcoin is a speculative asset. You cant really predict the price. Although, you can study the chart to be able to get little idea about the next price movement. But you cant be 100% accurate. What I do most time is buy and sell at different prices with a bot like feature. Although, I found this on MEXC Global and its called spot grid feature. It allows me to set price to sell and buy back while im not online. So, seems this one of the ways you can use to take advantage of BTC price to make litte profits for a particular period of time.

[GreatArkansas]

(....)
and also I want to know what caused the bitcoin price to drop drastically?

For me, price correction will now test the support area which is from level $20,000.
I am not really worried about this dump. Because if we will hold the $20,000 level, I believe it will become a strong support until next bull market cycle.

The reason also could be the issue of Kraken shutting down their crypto staking to their exchange due to The Securities and Exchange Commission(SEC) charges settlement. You can read more here: Bitcoin Drops Below $22K as Kraken Agreement to Close Crypto Staking Operations Spooks Investors

[ethereumhunter]

Anything is possible. With bitcoin's current decline, we don't have to worry even if it turns out to be back at $19k in price. I think many people are waiting for the $21k price right now because it's their discount time that they can't miss. I still think correction time is still in the market and this week may still meet with some more corrections. And hopefully the price doesn't go down.

The important thing is not to panic if the situation goes down again so that you can use the moment of decline to buy more instead of selling in a panic.

[Kaliandra]

I personally lack experience and am still a beginner in crypto. but in my opinion it could be a possibility that bitcoin will return to 19000, or it could be a possibility that it will increase even more because crypto prices are difficult to predict,

and if there is a price drop I think it's time to go back to buying bitcoin using the dca system.

[Kemarit]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

Again, no one has the crystal ball to see what the future holds, it could shoot back to $25,000 or go back to even lows of $10,000-$12,000. Yeah, we all have seen the correction in the last couple of days, when we all thought that we are somewhat in a bullish momentum, the price suddenly decline.

It just shows how volatile the market is, even in bear or bullish sentiments.

What's important is that you have the mental resiliency to stay in the market and then take opportunities to buy when the price goes on a decline.

[LittleBitFunny]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

Some of the bad news that I know of are Binance suspends USD trading, Kraken stops offering staking services to the US, Paxos (BUSD) is under investigation...I'm not sure if all of this has an impact on the market. But no wonder bitcoin is down at this point, I was expecting bitcoin to hit $25k and then correct because no market can go up forever, and we are still in bear season. As to how much bitcoin will decrease or increase, you should do your own research with your knowledge, no one can give you an exact answer.

[Hamza2424]

Nooo. I don't think so as the Bitcoin market is once again in the consolidation zone so what i see here is the continuous rally between the 22k to the 25k for the whole of February month and this is what actually happens. I was sure before the end of January that Bitcoin is not going to break the 25k major resistance but from the First week of the Feb, i was sure for the second part as well that Bitcoin is not going to be Below 20K as 21k and 22k two major support levels are here.

[mk4]

19k is just approximately a 15% drop from here. Of course it's very possible. The question is, will it? No one knows.

Quite funny how people don't usually question pumps though, then quickly look for reasons when bitcoin drops.

[Iranus]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

To be honest, I don't know how far bitcoin will correct, but it can be said that a decrease in bitcoin is not necessarily a bad thing, it will be an opportunity for those who have not bought bitcoin or want to accumulate more bitcoin at a good price. Bitcoin is up over 40% in January, so this correction is inevitable, take every opportunity instead of panicking. I'm happy to see bitcoin recover and hit a higher price but I wouldn't mind if bitcoin falls below $19k or even $15k again.

[adaseb]

It’s depends on the macro. And honestly nobody knows where we will go. We got the estimate for next weeks CPI at 0.5% which is high however the YoY is lower. Will this be bearish?

Now we will most likely get hawkish fed hints of another hike in March. Even after he said they will pause hikes. However he said he will pause before the high employments numbers and most likely high inflation. The next FOMC will most likely be a risk off event.

[hugeblack]

For now, it is unlikely that we will see a return to $19,000 levels, because the price has settled above $21,000, which is a good resistance level and it is difficult to break it easily, but unless new variables occur, this is the most likely scenario.

As for the reason, perhaps the announcement that LBC^[1] will stop is sufficient to move the price down.
Don't panic from these levels, we were down a few weeks ago.

[1] Localbitcoins closing down

[Marvell1]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

After the bull days, bitcoin is correcting and what you want to know, we all want to know but no one can know what will happen next. What we should do is have a plan for both cases what do we do if bitcoin drops to $19k even if the drop is deeper, and what do we do if bitcoin doesn't drop but continues to increase? I was prepared for both. But if you ask me about my prediction, I will buy bitcoin from this price, and bitcoin drop to 19k is very unlikely.

[Out of mind]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

I have seen the bitcoin market go down seriously. Currently, the price of Bitcoin is $21900 and the market is completely negative. But I believe the market will rise again. There is nothing to panic because the Bitcoin market always fluctuates like this so it is natural to be patient.

[_act_]

I have seen the bitcoin market go down seriously. Currently, the price of Bitcoin is $21900 and the market is completely negative. But I believe the market will rise again. There is nothing to panic because the Bitcoin market always fluctuates like this so it is natural to be patient.

Bitcoin truly decreased, but not seriously. Bitcoin decreased from $24300 or so to $21800 now, there can still be a further drop in price. But you can not compare how bitcoin has decreased to many altcoins, like APT known as Aptos that increased to $20 and now at $13.2. that is the type of fall that are serious.

Yes the best thing to do is to just continue to hold bitcoin, a time is coming that bitcoin will make people happy again.

[EarnOnVictor]

The $19k is not a far price from the current price ($21,843), so it could be hit within days if the market persists with its current downside correction. I view the recent bearish movements as a correction because it will take the market to slip below $15,500 before I would be serious about a bearish trend in its long-term disposition.

For now, I will be cautious on the bullish side, and the possibility of hitting $19k is getting higher as it has breached below one of my important daily supports at $22,543.56, which is an immediate but still a minor threat to the long-term bullish trend.

[Yaunfitda]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

Not sure what is the cause of the sudden downturn as we have been enjoying a good run last January. I would speculate that maybe the news that localbitcoins is closing down,

https://cointelegraph.com/news/localbitcoins-closes-down-the-p2p-crypto-exchange-service

It has been one staple front for crypto enthusiast and it's hard to see that a institution like this is going to close down it's services to us.

Or maybe this news also contributed somewhat:

https://cointelegraph.com/news/kraken-down-sec-commissioner-rebukes-own-agency-over-recent-action

[salad daging]

A decline of around 6% is very possible when bitcoin will fall again at all prices but we don't know the direction it's just that there must be a resistance point where it becomes a support area and it is at $ 20k but for now I think bitcoin will still survive in the next few days the current price.

There are many factors that cause bitcoin to fall and this is often always linked to bitcoin when it drops 5-6%, so this is not affected by anything that is significant, only a correction because bitcoin previously touched $24k, but in essence, don't be affected by FUD and it is very possible if bitcoin is back at $19000 or lower than that.

If it happens then I'm ready to buy from the bottom again.